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  • Friday, April 26, 2024

GlobalFoundries Secures $117M DOD Chip Supply Deal

GlobalFoundries (Nasdaq: GFS) will manufacture semiconductors for use in national security systems under a $117 million agreement with the Department of Defense.

DOD said Monday its investment under the Defense Production Act Title III is a follow-on to an $8 million contract awarded to the company in 2021 and will give defense and aerospace customers access to 45 nanometer chips.

Under the agreement, GlobalFoundries will transfer its 45nm silicon-on-insulator production technology from a factory in East Fishkill, New York, to another facility in the town of Malta.

The public-private partnership seeks to maintain the supply of chips to the U.S. government’s strategic and critical missions.

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